On Sun, Aug 29, 2004 at 12:26:15AM -0700, [EMAIL PROTECTED] wrote: > As a bonus, yes, a bonus, I'm throwing a PALM PDA raffle. The odds > should be good. 300 to 1. You have to leave your email at the end > of the survey, so I can contact the winner.
If any of you are wondering whether or not to respond to this survey, allow me (an unabashed armchair economist) to simplify the decision for you. If Don is rational and ethical, he will give away the cheapest Palm PDA he possibly can (basically, it has to work). Yes, the odds are good ... but the deal is offset by the cost of the PDA. If Don responds to this email telling us that he is giving away a more expensive PDA, then I will take back what I said about Don being rational. Your time and effort = ( 1/300 of a Palm PDA ( * $27.95 at Fry's = $.09 ) ) * (0-1, depending on how much you trust Don to follow through with this promise) + (the warm fuzzy feeling you get by helping an MBA student). If you trust Don completely, and if only 300 people respond, then it is worth a little over 9 cents to you to respond to this survey. I can't quite figure out the dollar value of the warm fuzzy feeling, but mark my words, it does have one. In any case, most people will not recognize all the facts, which means that they are likely to value the survey quite a bit higher (several dollars of perceived value, probably), which will result in more survey takers. Don recognizes this fact, and so I think his decision to through in a Palm PDA raffle is a good one. Mike (whose time and effort are apparently worthless, given all these silly postings he keeps making)
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